So on page 6, Modern Money Mechanics: Federal Reserve Bank of Chicago, it explains that banks don't "pay out" the funds for loans from money in other depositor's accounts.

What financing mechanism will you use?  

My educational background is in science, but my personal background is rooted in the Midwest where I grew up on a farm and gained a skillset in everything mechanical. 

The threats of leins were not working, as truthfully I had no idea how mechanical liens worked at the time and would just contact a lawyer who did understand them. ( I since have, a lien was placed and it was fraudulent) He began to dismantle the electric after breaking into the breaker box.

The "deal killer" name is for emphasis, but the five traits are the description.

All your mechanical will be about the same as if you were building a much larger house. $120k for 200 sqft seems reasonable. 

So how you bring the money into the picture is just a mechanism, the reality is you do want to own the asset.

Does the tax code say this directly or is this inferred from the mechanics of the bonus depreciation calculation?

The reason for this is because most mechanicals electric plumbing are more in line with today's code, and a lot of these properties typically need more cosmetic type of rehab.

There are 1920-1930 vintage properties  with recently updated mechanicals and a new roof and there are the same vintage properties that need work.